United States (US)
OTCXN partners Prime Trust
Prime Trust will serve as a third-party custodian for trading entities and exchanges using OTCXN technology
Cartel trial kicks off with ‘billions of dollars’ claim
US prosecutors say the three former traders crossed the line and got an unfair advantage
Exegy promotes Anderson, hires Faulkner
The firm promotes Robert Anderson and adds John Faulkner to London sales team
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
Britko joins FlexTrade
Lora Britko moves to the firm from State Street
Expert testimony resolved in Cartel case
Judge threatens to strike expert testimony if both sides go beyond their recent agreement
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
Plansky becomes new chief executive at Charles River
He joins as State Street’s acquisition of Charles River is finalised
Cartel judge warns on expert testimony
Berman says testimonies from two experts have the potential to encroach on his role and the role of the jury
DTCC partners Symphony for exception management
The integrated product could be available in early 2019
Hampton joins Cobalt as head of sales
Anoushka Hampton will move to London for new role, after spending two years with Traiana in New York
Bogucki seeks trial delay until Johnson review
US opposes motion, arguing a delay could erode witnesses’ memories of alleged misconduct
Dollar to gain from trade war escalation, says Wells Fargo
Trade tensions will be dollar-positive and weigh on risk-sensitive EM currencies
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
US attorneys deny ‘shielding’ Cartel witness
US antitrust attorneys say they were merely discussing how to proceed with its case
Current account balances are key in EM, says Westpac
As risk sentiment sours due to the ongoing trade wars between the US and China, current account deficits will weigh on some EM units
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Bria joins LiquidityEdge as COO
Andy Bria joins LiquidityEdge, founded by ex-Icap chief David Rutter and headed by Nichola Hunter
Johnson appeal supported by two amicus briefs
Criminalising legitimate pre-hedging when the dealer acts as principal will lead to rising costs and decreased liquidity
Bogucki lawyers subpoena HP’s trading data
Effort comes after the court denies another attempt to dismiss the superseding indictment against Bogucki
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
Sabia joins Wells Fargo
Robert Sabia joins the spot FX desk in San Francisco